Samson Oil & Gas Lodges March 2014 Quarterly Report and Appendix 5B

April 29, 2014 07:45 PM Eastern Daylight Time

DENVER & PERTH, Australia--(BUSINESS WIRE)--Samson Oil & Gas Limited (ASX: SSN, NYSE AMEX: SSN) advises that it has
filed its Quarterly Report for the period ended March 31st,
2014 and Appendix 5B. The report is now available on the Company’s
website:

Samson’s Ordinary Shares are traded on the Australian Securities
Exchange under the symbol "SSN". Samson's American Depository Shares
(ADSs) are traded on the New York Stock Exchange MKT under the symbol
"SSN". Each ADS represents 20 fully paid Ordinary Shares of Samson.
Samson has a total of 2,837 million ordinary shares issued and
outstanding (including 230 million options exercisable at AUD 3.8
cents), which would be the equivalent of 141.85 million ADSs.
Accordingly, based on the NYSE MKT closing price of US$0.36 per ADS on
April 29th, 2014 the Company has a current market capitalization of
approximately US$53.61 million (the options have been valued at an
exchange rate of 0.9242). Correspondingly, based on the ASX closing
price of A$0.019 for ordinary shares and a closing price of A$0.013 for
the 2017 options, on April 29th, 2014, the Company has a current market
capitalization of approximately A$56.66 million.

For and on behalf of the board of

SAMSON OIL & GAS LIMITED

TERRY BARR

Managing Director

Statements made in the presentation that is available on Samson’s
website that are not historical facts may be forward looking statements,
including but not limited to statements using words like “may”,
“believe”, “expect”, “anticipate”, “should” or “will.”

Actual results may differ materially from those projected in any
forward-looking statement. There are a number of important factors that
could cause actual results to differ materially from those anticipated
or estimated by any forward looking information, including uncertainties
inherent in estimating the methods, timing and results of exploration
activities.

A description of the risks and uncertainties that are generally
attendant to Samson and its industry, as well as other factors that
could affect Samson’s financial results, are included in the Company's
report to the U.S. Securities and Exchange Commission on Form 20-F, a
copy of which is available at www.sec.gov/edgar/searchedgar/webusers.htm.